About this Business: This venue has everything you can ever wish for. The location is PERFECT! The atmosphere is AMAZING! Many famous South African performers has graced this stage with their presence like Lianie May, Jay, Early B, Demi Lee to name a few.
Here you will find Pool Tables, Beer Pong, DJ’s and numerous Live Entertainers.
History: This business has been in existence for 20+ years, and operates profitably.
Staff: Bouncers and bar staff are already trained to deal with the masses that visit this venue.
Scalability: This business is extremely scalable, with ample room to expand.
Figures: Annual revenue of R1,9million for last three consecutive years, delivering earnings around R816,000 (EBIT)
Lease: The current owner will remain the landlord of this venue and offer a favourable lease term and rate.
Assets: The asset inventory is valued at R405,000.
Reason for Selling: Owners want to retire
Selling Price: R3,902,500.00 (reasonable offers will be considered)
ROI: 21%!
